AGA CGFM Exam Syllabus
Certified Government Financial ManagerTotal Questions: 203
What is Included in the AGA CGFM Exam?
Authentic information about the syllabus and an effective study guide is essential to go through the AGA CGFM exam in the first attempt. The study guide of Study4Exam provides you with comprehensive information about the syllabus of the AGA CGFM exam. You should get this information at the start of your preparation because it helps you make an effective study plan. We have designed this AGA Certified Government Financial Manager certification exam preparation guide to give the exam overview, practice questions, practice test, prerequisites, and information about exam topics that help to go through the AGA Certified Government Financial Manager (2022) exam. We recommend you to the preparation material mentioned in this study guide to cover the entire AGA CGFM syllabus. Study4Exam offers 3 formats of AGA CGFM exam preparation material. Each format provides new practice questions in PDF format, web-based and desktop practice exams to get passing marks in the first attempt.
AGA CGFM Exam Overview :
|Exam Name||Certified Government Financial Manager|
|Actual Exam Duration||135 minutes|
|Expected no. of Questions in Actual Exam||115|
|See Expected Questions||AGA CGFM Expected Questions in Actual Exam|
|Take Self-Assessment||Use AGA CGFM Practice Test to Assess your preparation - Save Time and Reduce Chances of Failure|
AGA CGFM Exam Topics :
|I: Organization, Structure and Authority of Government||15%||A. Demonstrate an understanding of the levels of government, including:
1. The three levels of government: federal, state and local.
2. The interrelationships among the three levels of government: federal, state and local.
B. Demonstrate an understanding of the branches of government – legislative, executive, judicial – including:
1. The roles of the three branches.
2. The interrelationships among the three branches.
3. The checks and balances through separation of powers among the three branches.
C. Demonstrate an understanding of the components of federal, state and local governments (e.g., central management and accountability agencies, departments, agencies, bureaus, commissions, divisions).
D. Demonstrate an understanding of the authorities and responsibilities of the government (e.g., government-wide and departmental), including:
1. The federal government, its hierarchy and constraints (e.g., U.S. Constitution, federal laws, executive orders, rules and regulations).
2. The state governments, their hierarchies and constraints (e.g., U.S. Constitution, state constitutions, state laws, executive orders, rules and regulations).
3. The local governments, their hierarchies and constraints (e.g., state constitutions, state laws, local charters, local ordinances, executive orders, rules and regulations).
4. Tribal government sovereignty.
E. Demonstrate an understanding of the authorities and responsibilities of the different types of governments, including:
1. The differentiation among general-purpose governments, special-purpose governments and quasi-governmental entities (e.g., federal, states, cities, counties, territories, authorities, school districts, government corporations, government-sponsored enterprises).
2. The interrelationships among general-purpose governments, special-purpose governments and quasi-governmental entities.
3. The role of jointly-governed organizations (e.g., transit agencies).
|II: Legally-Based Implications of the Government Financial Environment||15%||A. Demonstrate an understanding of the implications of sovereignty in the levels of government, including:
1. The meaning, application and limitations of sovereign authority.
2. The power of governments to tax and borrow.
3. The power of the federal government to establish monetary policy.
B. Demonstrate an understanding of the budget, including:
1. The role and significance of the budget in government.
2. The objectives of the budget (e.g., policy document, operations guide, financial plan, communications device).
3. The objectives of the budget process (e.g., define priorities, debate policy, allocate resources, identify revenue sources).
4. The legal aspects of the government budget (e.g., control levels, spending limits, fund types, balanced budgeting).
5. The principles of legislative control over governmental finance (e.g., appropriating funds, establishing spending levels, establishing spending conditions).
6. How the executive branch controls spending (e.g., monitoring budget execution, planning for allocation of resources over time and among programs). 7. How judicial decisions affect government spending.
8. The role of other budget control devices (e.g., apportionments, allotments, encumbrances/obligations, funds, function, department, activity, object).
C. Demonstrate an understanding of how establishing special funds or dedicated revenues helps fulfill legal requirements.
D. Demonstrate an understanding of legislative “earmarking.”
|III: Demonstrate an Understanding of the Government Management System (Cycle), Including:||16%||A. The elements of the government management system, including strategic planning, programming, budgeting, operations, accounting, reporting and auditing.
B. The interrelationships among the elements of the government management system.
C. The importance of data in the government management system (cycle).
|IV: Governmenancing Process tal Fin||24%|| A. Demonstrate an understanding of the role of taxation, including:
1. The elements of tax policy (e.g., what to tax, who to tax, how much to tax, why to tax).
2. The various types of taxes for each level of government and the roles and advantages of each type (e.g., income, wealth, consumption).
3. The nature and role of tax expenditures.
4. Tax limitations and exclusions.
B. Demonstrate an understanding of intergovernmental revenues, including:
1. The differences among contracts, shared revenues and grants.
2. The differences among the types of grants (e.g., formula grants, discretionary grants, block grants).
3. The requirements and expectations of the grantor and grantee throughout the grant lifecycle, including the role of the Uniform Guidance.
C. Demonstrate an understanding of other forms of financing, including:
1. Other forms of government revenues (e.g., investment income, user fees, licenses, lotteries, donations).
2. The rationales for establishing user fees (e.g., recover costs, expand service capacity, encourage or limit use of services).
3. The use of public-private partnerships.
D. Demonstrate an understanding of the role of debt, including:
1. Purposes of entering into debt.
2. Factors that should be considered before entering into debt (e.g., ability to pay, purpose, interest rate, tax base).
3. The types of debt limitations (e.g., statutory, bond covenants).
4. Factors that should be included in debt policies (e.g., available tax base, debt maturities).
5. The various types of financing options (e.g., notes, bonds, lease-purchase, certificates of participation).
6. The sources and methods of repaying debt (e.g., dedicated taxes, user fees, general revenues).
7. The role of credit rating agencies in the debt issuance process.
8. The role of insurance and guarantees in the debt issuance process.
|V: Identify the Concepts, Definitions and Notions of Public Accountability, Including:||12%||A. The meaning and purpose of accountability in the government environment (e.g., the Chief Financial Officers (CFO) Act of 1990).
B. The role and key attributes of accountability (e.g., disclosure, organization structure, reporting), and their interrelationships.
C. Elements for which a government should be accountable (e.g., performance, financial, compliance, efficiency and effectiveness, stewardship of assets).
D. The primary stakeholders in accountability (e.g., legislators, taxpayers, other governments, investors, creditors, underwriters, future generations).
E. The groups that help to establish and maintain accountability (e.g., legislative bodies, media, management, analysts, employees, taxpayers).
F. The methods used to demonstrate and assess accountability and transparency (e.g., audit reports, performance reports, oversight hearings, program evaluations, service efforts and accomplishment (SEA) reports, electronic reports).
G. The techniques used to assess fiscal sustainability and solvency.
H. Concepts of open government, data transparency and citizen-centric reporting (e.g., Digital Accountability and Transparency Act of 2014 (DATA Act), open checkbooks, open book, sunshine laws).
|VI: Demonstrate an Understanding of Ethics as Applied to the Government Environment, Including:||A. The key concepts related to ethical responsibility to the public, professional conduct (e.g., actual or perceived conflicts of interest, independence, objectivity, due care) and the sources of guidance (e.g., the AGA Code of Ethics).
B. The steps a government financial manager needs to take to avoid a conflict of interest and to ensure objectivity and independence.
C. The concept of due care in the performance of professional duties.
D. Activities or situations that are inconsistent with the responsibilities of public officials and employees.
E. The appropriate course of action to avoid the reality or the perception of improper use of one's office for personal gain.
F. Personal responsibility as it relates to organizational codes of conduct (e.g., whistle blower, nepotism).
|VII: Demonstrate an Understanding of Providing Government Services and Information Electronically, Including:||8%||A. Delivery of government services and e-government (e.g., driver’s license renewal, online bill and tax payment).
B. Stakeholder real-time access to information, including electronic financial reporting.
C. The use of various media and devices for communications and providing services (e.g., social networking, apps, mobile devices).
D. Security and privacy considerations (e.g., the requirements of the National Institute of Standards and Technology, encryption, cybersecurity).
Updates in the AGA CGFM Exam Syllabus:
AGA CGFM exam questions and practice test are the best ways to get fully prepared. Study4exam's trusted preparation material consists of both practice questions and practice test. To pass the actual Certified Government Financial Manager CGFM exam on the first attempt, you need to put in hard work on these AGA CGFM questions that provide updated information about the entire exam syllabus. Besides studying actual questions, you should take the AGA CGFM practice test for self-assessment and actual exam simulation. Revise actual exam questions and remove your mistakes with the Certified Government Financial Manager CGFM exam practice test. Online and windows-based formats of the CGFM exam practice test are available for self-assessment.
AGA Financial Manager | CGFM Questions Answers | CGFM Test Prep | Certified Government Financial Manager Questions PDF | CGFM Online Exam | CGFM Practice Test | CGFM PDF | CGFM Test Questions | CGFM Study Material | CGFM Exam Preparation | CGFM Valid Dumps | CGFM Real Questions | CGFM CGFM Practice Test | CGFM CGFM Dumps | Certified Government Financial Manager Exam Questions
- 50000+ Customers feedbacks involved in Products
- Customize your exam based on your objectives
- User-Friendly interface
- Exam History and Progress reports
- Self-Assessment Features
- Various Learning Modes